Waterfall Asset Management, LLC Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$185.8B
Holdings
17
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (17 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PMT 8.5 06/01/29PENNYMAC CORP | 79,074,000 | $79.7B | 42.87% | |
| 2 | CPTCAMDEN PPTY TR | 107,000 | $11.8B | 6.35% | |
| 3 | AVBAVALONBAY CMNTYS INC | 63,800 | $11.7B | 6.27% | |
| 4 | APLEAPPLE HOSPITALITY REIT INC | 882,127 | $10.5B | 5.65% | |
| 5 | RWT 7.75 06/15/27REDWOOD TRUST INC | 8,743,000 | $8.7B | 4.71% | |
| 6 | RCREADY CAPITAL CORP | 3,908,983 | $8.5B | 4.56% | |
| 7 | NSANATIONAL STORAGE AFFILIATES | 297,700 | $8.4B | 4.53% | |
| 8 | AATAMERICAN ASSETS TR INC | 406,033 | $7.7B | 4.14% | |
| 9 | RITMRITHM CAPITAL CORP | 700,425 | $7.7B | 4.13% | |
| 10 | ARIAPOLLO COML REAL EST FIN INC | 569,000 | $5.6B | 2.99% | |
| 11 | BRSPBRIGHTSPIRE CAPITAL INC | 822,810 | $4.7B | 2.50% | |
| 12 | PKPARK HOTELS & RESORTS INC | 367,684 | $3.9B | 2.09% | |
| 13 | DYT1DYNEX CAP INC | 277,300 | $3.9B | 2.09% | |
| 14 | LINELINEAGE INC | 105,000 | $3.7B | 1.99% | |
| 15 | GNLGLOBAL NET LEASE INC | 422,227 | $3.6B | 1.95% | |
| 16 | MRPMILLROSE PPTYS INC | 105,062 | $3.1B | 1.69% | |
| 17 | FVRFRONTVIEW REIT INC | 184,197 | $2.8B | 1.48% |